On Tuesday market trend in small trading range and unable to cross previous resistance level and higher level some profit booking seen some counters and almost closed near to 9650. Over all trend is bullish and after sharp rise on yesterday time for consolidation and waiting for further break out and once it will be happen it will added another 100 to 150 points in short term.

Nifty : Now we may consider decent support 9600-9620 holding these level again higher side. Resistance around 9700-9710 once successful taken out strong buying force emerged in the market and major short covering cannot be ruled out.

Bank Nifty : Holding above 23500 strong bull favour and once crossover 23750 with volume and added open interest it will move towards 24000 and above.

PSU Bank INDEX : Consider support 3450-3500 and continue holding, but due loan waiver scheme by govt, over all selling pressure seen in PSU bank in front line stocks like PNB, BANK OF CARODA, BANK OF INDIA AND CAN BANK. However, SBI showing some strength.

PHARMA INDEX : Some profit booking seen in pharma stocks and consider support nearly 9350. However, some short added in some counter like Lupin and Sun Pharma.